Virtual Sourcing Inc. (fka PGCX)

[StrangerDangerAlpha]

PGCX ready to shift into high gear and head to new HOY!Huge news coming next week for sure but could get a tid bit this week!Low float with BIG money involved so either way we should start some low level flights this week and aim for launch to the stars next week! $PGCX

Independence, KS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package

WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.

The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.

We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.


https://ca.finance.yahoo.com/news/virtual-sourcing-inc-receives-increase-154126726.html

Recently updated:

Market Value1 $663,503 a/o Nov 22, 2017
Authorized Shares 977,000,000 a/o Nov 16, 2017
Outstanding Shares 331,751,739 a/o Nov 16, 2017
-Restricted 81,035,420 a/o Nov 16, 2017
-Unrestricted 250,716,319 a/o Nov 16, 2017
Held at DTC Not Available
Float 21,853,264 a/o Dec 31, 2013
Par Value 0.001

Transfer Agent(s) Verified by Transfer Agent

ClearTrust, LLC

https://www.otcmarkets.com/stock/PGCX/profile